Private Schools Market: ZIP 02492
Opportunity Score
66
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 02492 is an urban area with low foot traffic. with a population of 21,481 and household incomes well above the national median ($222,063). There are 4 private schools operations in ZIP 02492.
Area Profile
21,481
Population
$222,063
Median Income
+198% vs. national
Urban
Area Type
9.6/20
Foot Traffic
Very Car-Dependent
Median Age: 42.8 —
older demographic, may prefer sit-down options.
College-Educated: 54.0% —
strong appetite for artisan/specialty food.
Competition
Private Schools and related businesses in ZIP 02492.
4
Private Schools
Low competition — room to establish
1.9 per 10K residents
8
Child Care Centers
3.7 per 10K residents
What this means:
Private Schools are 33.3% of the relevant market in ZIP 02492 (4 vs. 8 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$3,140
2BR Fair Market Rent
$2,256
Median Gross Rent
$1.2 M
Median Home Value
13
Bank Branches
$2.7 M deposits
Tips for Starting a Private School Business in Massachusetts
- Accreditation takes 2-3 years but determines whether your tuition qualifies for tax credits and whether colleges recognize your diplomas.
- Your first 50 students are the hardest. Most private schools break even around 80-120 students. Plan for 2-3 years of operating losses.
- Facility costs dominate. Leasing a church or community center cuts your startup cost by 60-80% vs. building or buying.
- Teacher salaries run 15-30% below public school equivalents. You'll attract mission-driven educators, but benefits and culture have to compensate.
- The median income here is $222,063. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Very Car-Dependent
- Private Schools
- 4
- Related Businesses
- 8
- Bank Branches
- 13
vs. National Average
Median Income
+198% vs. $74,580
Walkability
-0.9 pts vs. national avg
Nearby Markets
02494
1.8 mi
Pop: 10,578
$173,750
Walk: 11.3
02457
2.5 mi
Pop: 1,886
02464
3.0 mi
Pop: 3,730
$125,846
Walk: 17.6
02481
3.3 mi
Pop: 17,262
$250,001
Walk: 11.3
02468
3.7 mi
Pop: 5,901
$250,001
Walk: 13.0
02482
3.8 mi
Pop: 10,758
$240,069
Walk: 11.4
02461
3.8 mi
Pop: 6,717
$207,292
Walk: 15.2
02462
3.9 mi
Pop: 1,459
$210,682
Check Another Market
Or estimate costs with the PrivateSchoolCost calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits